European Vaping Supplies - a premium ecigarette online retailer in for the UK and Europe
What is included in the sale?
-Domains: 1) www.vapourandecig.co.uk (main site - PA 34, DA 24); 2) www.vapeamericainc.com
-Stock worth approx. £10k
-Full list of suppliers (mostly UK/European, some also in China). All always have the latest products available!
-Assets: 1) Business laptop (worth £620)
2) Digital camera (worth £300)
3) 2-yr old YouTube channel (over 4k subs)
4) Instagram account (1k subs)
5) FB page (3.5k likes)
6) Twitter account (1k followers)
7) Royal Mail UK and International delivery contract
8) Label printing machine & stationary for sending
parcels (worth £500)
Up until the sale, we will continue to conduct business as normal. We will try to close out transactions quickly so as not to have anything carry over and you can start making money right away. If you are concerned that you don't know anything about ecigarettes, don't be. The site has very detailed descriptions already so you know what you're selling. Most of the time, your customer knows what they're buying as well.
Picking up new products coming out is relatively easy as well as our suppliers will be in contact and you will be able to get hold of early reviews online to see what is hot. We tend to sell new products by putting them out for pre-order and gauging the expected volumes. This allows us to stock appropriately for the future.
What is required to keep the business operational?
The business requires website maintenance, SEO, posting offers in relevant groups, fulfilling orders, performing customer service, purchasing products from suppliers
Why are you selling the business?
We're looking to sell as we are moving into manufacturing vaping products ourselves and don't have the time to continue the retail operations. We also need cash in order to continue developing products and bringing them to market (buying machinary/equipment etc.).
Note: Although remaining in the niche, we will not look to re-enter the retail/wholesale niche and therefore will not at any point own a competing brand/store/website. We're looking to become a manufacturer instead.
How does the business generate revenue?
The business generates revenue through the sale of ecigarette products via our shopify store. This is a fully online business and can be managed from anywhere. Customers come from organic search, social media, and our email list mostly. We have a cracking conversion rate and make £0.5/50p for every visitor that comes to the site. This business is all about getting more people to the website - if you can grow the websites traffic you will sell more as the site itself converts really well.